8/30/2023 0 Comments Tik tok stock forecastThere are rumors, however, that the company has. That means its shares are not currently available on the stock market for purchase. The privately held Chinese company ByteDance owns TikTok. ByteDance, the company that owns TikTok, is privately owned. Starbucks, the chain that turned regular drip coffee into a 5 half-caff, extra whipped cream mocha latte, is now laboring to produce dozens of bizarre concoctions dreamed up by TikToks. (Scroll down to see information about 32 ByteDance shareholders and some of their estimated stakes. To summarize: unfortunately, no, you cannot buy TikTok stock. On a device or on the web, viewers can watch and discover millions of personalized short videos. TikTok - Yahoo Finance S&P 500 4,573.99 +0.42 Dow 30 35,115.79 Nasdaq 14,418.72 +0.45 -0.16 Silver +0.43 TikTok Private Company TikTok data provided by This content is not available due. And in several previously unreported ByteDance share transactions, Sequoia Capital and other investors bought part or all of the stakes some smaller investors held even as uncertainties grew about when ByteDance could go public. Snap, which is the parent company of popular social media platform Snapchat, had a different experience from Meta Platforms this earnings season. Many of those shares are now underwater as private tech valuations, including that of ByteDance, have fallen in the past year. Others placed their bets much later, around 2021, buying up shares from existing investors at steep prices. Savitz Updated J6:08 pm ET / Original J3:45 am ET Order Reprints Print Article Meta Platforms shares were sliding in late trading Wednesday after the social media. For venture investors that have collectively invested more than $8 billion in TikTok’s parent company, ByteDance, the fate of the video app in the U.S., where officials are seeking changes to its ownership, could mean the difference between a huge portfolio win and a soul-crushing loss.Įarly backers of ByteDance such as Susquehanna International Group and Sequoia Capital’s China affiliate have stakes worth tens of billions of dollars each, at least on paper. Shares of Tesla ( TSLA -1.09) took a huge hit on Thursday, following the electric-car makers second-quarter earnings report.
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